#198 - Using a Series LLC to Protect Your Properties and Save you Money - Scott Royal Smith

In this episode of Living Off Rentals, Scott Royal Smith joins us to share his knowledge. He is a former litigator and now the founder of Royal Legal Solutions, a company dedicated to helping real estate investors protect their assets, save money on taxes and boost their net worth and cash flow. 

Scott is also a real estate investor, with his portfolio including properties from every asset class, from single-family and multi-family homes to syndications and commercial properties, giving him an all-around perspective of the industry in both the legal bird’s eye view and from the trenches. 

Tune in as he shares how investors can better safeguard their assets and grow their wealth effectively, particularly with the help of series LLCs.

Key Takeaways

[00:00] Introducing Scott Royal Smith and his background

[04:32] Transitioning to asset protection from corporate litigation

[07:32] Discussing ideal setups for rental property investors  

[11:42] Series LLCs and why you should consider starting one

[17:09] Ideal setups for partnerships 

[20:50] On tax-saving strategies

[30:04] What to consider to succeed in investing

[32:54] Where most real estate plans fail

[37:55] Connect with Scott and Royal Legal Solutions

Guest Links

Website – royallegalsolutions.com

Show Links 

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – livingoffrentals.com

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals